It’s been a busy week for President Trump: he escalated his campaign against the Fed, threatened increased tariffs that could hit iPhones and other US tech, weighed in on Brexit (again) before threatening General Motors via Twitter.
However, the highlight of his week will be this Saturday’s trade meeting with China’s Xi Jinping.
As Quilter Investors assistant portfolio manager CJ Cowan opines, “This week saw some predictable chest beating from Mr Trump as he gears up for this weekend’s crucial encounter. Such bluster is part of the show. With market chatter suggesting that the Chinese are willing to compromise on certain areas, we’re hoping that Mr Trump finally makes some progress towards his ‘big win’.”